Bong Joon-ho - who made 'Snowpiercer' for a reported $40 million - will direct 'Okja' and revealed he is thrilled with his new backers.

He said: "It really is a fantastic opportunity for me as a film maker. For 'Okja', I needed a bigger budget than I had for 'Snowpiercer' and also complete creative freedom. Netflix offered me the two conditions that are difficult to have in hand simultaneously,"

"Also, Plan B Entertainment has also produced bold and daring films. I expect the adventurousness of Plan B to blend with 'Okja'."

The movie will start shooting in April 2016 with a planned 2017 release and Bong insisted the monster in the movie is not that scary.

He said: "It is a bulky animal, but with a mild and kind spirit. The film is about a warm friendship between a country girl and a brute with stories. To me, the crazy world surrounding Okja and the girl looks more like a monster. I want to depict the two characters' bizarre journey and adventure across the tough world in an original fashion."